Iranian representatives in the Ukrainian-Iranian Intergovernmental Commission for Economic and Trade Cooperation have sent the draft of an agreement on development of the Persian Gulf-Black Sea transport route to their Ukrainian counterparts and invited Ukraine to participate in this transport corridor.

The commission held meetings during the period of 9-10 March this year, the CFTS reports, citing information from the Ministry of Infrastructure.

After talks, a Memorandum of Mutual Understanding on cooperation between ports was approved for signing at the level of Ukrainian and Iranian port authorities in the near future.

The two sides reiterated their mutual interest in development of multimodal transportation between Europe and Asia, with transit through the territories of Ukraine and Iran. They also discussed the prospects and technical details of further joint work on organization and development of transportation on the Persian Gulf-Black Sea-Baltic Sea route.

The Iranian side invited Ukrainian enterprises to implement projects involving development and modernization of transport infrastructure in Iran, primarily construction of railway infrastructure and supply of rolling stock for passenger transportation.

As the CFTS earlier reported, the Ukrainian Railways public railway company (Ukrzaliznytsia) is finalizing an agreement with Iran under which the company's employees will participate in the construction of a railway in Iran.

Ukrzaliznytsia may build 1,000 kilometers of railway infrastructure in Iran in accordance with a memorandum that was signed between the Ukrainian Ministry of Infrastructure and the Iranian Ministry of Railways and Urban Development in July 2016.

In addition, Ukraine sent to Azerbaijan a draft agreement on establishment of the Baltic Sea - Black Sea - Caspian Sea international transport corridor last summer.